Year-end Report January-December 2015

“In summary, 2015 resulted in an adjusted operating profit of SEK 137 million (127), an operating income of SEK 388 million (347) and a cost/income ratio of 37 percent. The results confirm that TF Bank continues to grow whilst maintaining rigid cost control.” Abstract from CEO Declan Mac Guinness's commentary to the Year-End Report.

FULL YEAR, JANUARY-DECEMBER 2015

Figures compared to January – December 2014.
• The loan portfolio grew by 12.5 %
• Net interest margin decreased to 19.6 % (21.9 %)
• Operating income increased by 11.7 %
• Adjusted 1 operating income increased by 7.2 %
• Cost/income ratio of 37.0 % (30.7 %)
• Earnings per share amounted to SEK 4.34 (4.63)
• Adjusted 1 earnings per share amounted to SEK 5.00 (4.63)

SECOND HALF, JULY-DECEMBER 2015

Figures compared to July – December 2014.
• Operating income increased by 6.2 %
• Adjusted 1 operating income decreased by 3.1 %
• Cost/income ratio of 40.0 % (31.1 %)
• Earnings per share amounted to SEK 1.72 (2.51)
• Adjusted 1 earnings per share amounted to SEK 2.38 (2.51)

SIGNIFCANT EVENTS, JANUARY-DECEMBER 2015

• Agreements with 13 new retailers within the Sales Finance segment
• Establishment of a branch in Poland
• Acquisition of the Norwegian financial institution BB Finans ASA
31 July 2015
• Own funds strengthened through the issuance of a subordinated tier 2 loan of SEK 100 million

SIGNIFICANT EVENTS AFTER THE END OF THE REPORTING PERIOD

TF Bank’s subordinated tier 2 loan of SEK 100 million was listed on Nasdaq Stockholm in February 2016.

About Us

TF Bank was founded in Sweden in 1987 for the purpose of offering financing solutions to customers who ordered goods from mail-order catalogues. Over time, the Group has grown both in terms of product offering, profit and geographical reach. Currently, TF Bank offers consumer banking services through a highly automated, in-house developed IT-platform designed for scalability and adaptability to different products, jurisdictions, currencies and digital banking solutions. TF Bank conducts banking operations with deposits and lending to private customers in Sweden and Finland, lending to private customers in Norway and Poland as well as cross-border lending in Denmark, Estonia and Latvia. The Group’s principal business is lending to the public through two segments: Direct to Consumer and Sales Finance. Direct to Consumer comprises mainly of loans of limited amounts to private customers. Sales Finance provides funding solutions for the handling of invoice and instalment payments.

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